While there’s debate around exactly when a reliable quantum computer of sufficient size will be able to break some of the most widely used cryptosystems, the time to build defences is now - we cannot take any chances.

I sat down with Chris Bishop of the Qubit Confidential podcast to discuss the quantum program at HSBC. I shared that our strategic investment in quantum is focused on two key areas: first, the immense value it’s projected to generate—up to $2 trillion by 2035—and second, the pressing need to address the potential threat quantum computers pose to current encryption protocols.

With the promise of unimaginable computing power, a global race for quantum supremacy is raging. Who will be first to harness this new technological force, and what will they do with it?

HSBC has successfully trialled the first application of quantum-secure technology for buying and selling tokenised physical gold. This achievement marks the latest step by HSBC in pioneering the protection of critical applications from potential future quantum computing attacks.

I’m thrilled to have been involved in this white paper, developed by the World Economic Forum in collaboration with the Financial Conduct Authority, offers guidance for businesses and regulators to ensure a collaborative and globally harmonized approach to quantum security.

In order to extract value from utility-scale quantum computers, we must map real business problems to quantum circuits.

In this interview, Philip Intallura, Global Head of Quantum Technologies at HSBC, explains how HSBC is pioneering the way in adopting quantum-safe practices, driving its commitment to innovation.